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Power & Renewables

Europe & Russia April 2019

Regional analysis & forecasts
Europe & Russia

European front-month power prices continued their bearish trend in March, in line with softer gas prices and periods of strong wind. In Germany, the front-month baseload contract price averaged around €38.5/MWh in March, down from around €42/MWh in February. However, this was still several euros higher than at the same time last year. German year-ahead baseload prices fell during March but climbed again towards the end of the month in line with relatively strong prices for EU carbon allowances (EUAs). The year-ahead contract averaged €46.70/MWh...